2025 Highlights and 2026 Outlook: Q4 bookings strengthened significantly, up 42% sequentially and 35% year-over-year, potentially signaling the beginning of demand recovery in the Americas Q4 operating cash flow increased to $57 million, driven by improved inventory efficiency Tariffs remained a major headwind, reducing Q4 and full‑year revenue and operating profit Q4 revenues down to $923 million, reflecting weaker shipments Q4 operating loss of $37 million, resulting from lower volumes and approximately $40 million in gross tariff costs Full-year 2025 revenue declined to $3.8 billion with an operating loss of $22 million, including approximately $100 million in gross tariff costs Shipment volumes expected to increase in second half of 2026 as market conditions improve Moderate full-year 2026 operating profit expected; Strong revenue growth from improved volumes in the second-half of the year is anticipated to result in a profit, opposed to small loss in the first-half of 2026. CLEVELAND, March 3, 2026 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) reported consolidated results for the fourth quarter and full-year 2025.
